Peru: BCR maintains reference rate at 2.75%

15:12 | Lima, Sep. 14.

The Board of Directors of Peru's Central Reserve Bank (BCR) agreed to maintain the reference interest rate at 2.75% after having assessed internal and external factors.

According to the financial entity, last August the year-on-year inflation rate and trend inflation indicators remained within the target range.

Likewise, the expected year-on-year inflation rate stood at 2.39% in the eighth month.

Moreover, some economic activity indicators show temporary signs of lower dynamism, and the economic activity is still below its potential.

Furthermore, BCR detects a higher risk in the global economic activity, as well as higher financial volatility due to recent trade tensions.

On the other hand, the financial entity projects the interannual inflation rate will remain within the target range in September and gradually converge to 2.0% by the end of 2018.

(END) DTK/MVB

Publicado: 14/9/2018